AG Brown announced that his Consumer Protection Division has obtained a Final Order against Professional Community Management, Inc., Michael Finley, and Scott Davis (collectively ProCom) for charging homeowners in the homeowners associations and condominiums they managed illegal late fees. The Final Order also found that Mr. Finley withdrew over $25,000 from an association’s bank account without permission.   

Homeowner associations and condominiums can only charge homeowners, those who are delinquent in paying assessments, late fees that are authorized by their governing documents and do not exceed the limits imposed by the Maryland Homeowners Association Act and Maryland Condominium Act. The Final Order requires ProCom to pay back Maryland consumers that were overcharged fees for late assessment payments.  

“Marylanders shouldn’t have to pay late fees that are pricier than what’s allowed by law. This decision should put property management companies on notice: if you overcharge consumers, our Office will hold you accountable.” -AG Brown